The meme currency TRUMP is recovering as major holders learn about Trump's dinner.
After a surge driven by sentiment, the meme currency TRUMP is falling due to profit-taking.
The top 220 holders of TRUMP in the ranking received notifications for the dinner on May 22 before background checks.
TRUMP NFTs are awarded after the meme currency competition.
The meme currency TRUMP could maintain a confluence EMA support at 50 and 100 over 12 hours at $12.11.
The joke currency TRUMP fell to $12.51 on Tuesday. After more than a week of gains, Bitcoin (BTC) dropped back below $101,000 in a significant bearish wave, suggesting profit-taking. The top 220 holders in the ranking were informed about the private dinner with U.S. President Donald Trump.
The top 220 holders of the meme currency TRUMP are receiving invitations to the dinner.
On Monday, the team of the meme currency TRUMP informed the top 220 holders about the VIP dinner with President Trump on May 22. X states that "there will be background checks to perform," before releasing the final list of participants. The Trump National Golf Club in Washington, D.C. will host the dinner.
Holders with the same number of TRUMP tokens at the dinner as on the final ranking will receive additional benefits. The group of holders will receive "a limited edition TRUMP DIAMOND HAND SOLANA NFT."
The team of the meme currency TRUMP has created the "TRUMP REWARDS POINTS PROGRAM," encouraging holders to link their wallets and earn.
The announcement of the April dinner caused the meme currency TRUMP to skyrocket, accelerating the recovery after the drop in prices. The on-chain activity of the meme currency increased as investors rediscovered it.
The meme currencies TRUMP are slipping, testing crucial support.
At $14.72, the 200-hour exponential moving average (EMA) shows significant liquidity, halting the rise of the official meme currency TRUMP from $10.00 the previous week.
The price of TRUMP is at $12.51, challenging the confluence support of the EMA at 50 and 100 at $12.11 on the daily chart.
Traders will watch if the confluence support region around $12.11 can withstand selling pressure. If TRUMP's declines break through the support, the next provisional target at $10.00 could be attempted.
#Tradelesson #CryptoCPI #TRUMP $BTC $TRUMP 
